Author: NBTC
Bitcoin is nearing the crucial $70,000 resistance level, where substantial liquidity and psychological significance reside for traders. The cryptocurrency’s price is supported by the Daily 200MA and 200 EMA, which have been instrumental in its bullish movement. If Bitcoin holds above the moving averages, investors expect a higher low formation, but failing to do so could trigger a market correction. Bitcoin in the last few weeks has shown unrelenting bullish pressure, setting higher high and higher low formation on the price chart. According to the current trend analysis, the cryptocurrency is heading towards the $70,000 resistance levels that many stockists…
Ethereum is grappling with a critical resistance level at $3,659 as momentum appears to wane. After a period of steady gains, the cryptocurrency has moved into a consolidation phase, with bulls struggling to push it higher. The pause has raised questions about whether Ethereum’s rally is losing steam or simply gearing up for its next big move. This article aims to analyze ETH’s current consolidation below the $3,659 resistance level, focusing on its implications for market pressure. It will also determine whether ETH can regain its upsurge or if fading strength could lead to further declines through technical indicators, support…
It is no secret that crypto took time before being taken seriously as an asset class. In the years following Bitcoin’s launch, many did not fully understand its underlying technology and viewed the idea of digital currency sceptically or as unrealistic. Since then, crypto has gradually developed into an asset class of its own, with approximately 20,000 unique cryptocurrencies and the combined market capitalisation is over $3 trillion this year. Concurrently, investing in crypto has become fairly normalised thanks to its maturation, which now includes significant interest from financial institutions. The post-election crypto rally has revived FOMO (fear of missing…
The decentralized oracle network Chainlink (LINK) is once again the top-ranked ERC-20 project in terms of recent development activity, according to the crypto analytics platform Santiment. Santiment notes on the social media platform X that Chainlink registered 649.03 notable GitHub events in the past 30 days, nearly double the number of the second-ranked project, Ethereum (ETH), which clocked 342.2. The decentralized oracle project also topped the list in June, July and September. The web3 project Status (SNT) ranked third in the past 30 days, registering 270.57 events. Status aims to offer users a secure messaging app, crypto wallet and web3…
Charles Hoskinson, the renowned crypto entrepreneur behind Cardano (ADA), has shared an update on his next major project. After weeks of teasing, he informed the Cardano community of the project in a post on X, where he has over a million followers. Multichain metaverse and AI-driven interactions According to Hoskinson, the new project, Quantum Hosky, is a multichain open metaverse embedded in a 4-dimensional space. This suggests the new project would span multiple blockchain networks to allow interoperability. That means interactions between different crypto ecosystems. The concept aligns with the evolving trend of creating decentralized metaverses, enabling users to interact…
As Bitcoin continues to break new all-time highs (ATHs), Ethereum is quietly gaining momentum, solidifying its position as one of the most sought-after networks in the cryptocurrency space. While Bitcoin’s surge has captured headlines, Ethereum’s growth indicators paint a promising picture for its future. As per Telo News data, besides Bitcoin’s record-breaking price Ethereum is poised for its next phase of expansion, driven by key developments such as ETF approval, its impressive Total Value Locked (TVL), and its role in the memecoin craze. Ethereum’s Growth Drivers Several crucial factors are fueling Ethereum’s growth. One of the most significant is its…
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. Something very interesting showed up in the FOMC November meeting minutes this week that had nothing to do with rate cut expectations. Hidden deep in the minutes was the following excerpt: Essentially, the Fed is considering lowering the award rate on Reverse Repo Facility assets by 5-basis points, which would lower the bottom of the target range of the federal funds rate band. Here is what that complex looks like visually: One can only speculate as to why the FOMC wants to lower this rate, but…
Floki Inu dips 6.87%, trading at $0.00013147 amid high activity with 310.76B volume. FLOKI’s key resistance at $0.00034900 remains unbreached, marking a potential trend reversal point. Support at $0.00002655 could dictate FLOKI’s next moves as current prices flirt with bearish signals. Floki Inu (FLOKI) token has been quite volatile in trading sessions, with the latest data showing a 6.87% decline from its previous value of $0.00013147. This fluctuation comes amidst a larger context of volatility within the meme coin sector. The 24-hour trading volume stands at an impressive 310.76 billion FLOKI, with the corresponding USDT volume being 41.24 million, indicating…
SingularityNET, a decentralized AI platform, has joined forces with the Mina Foundation, the nonprofit behind the privacy-focused Mina protocol, to advance decentralized AI using zero-knowledge (ZK) proofs. The key focus areas of the partnership include research into AI-powered decision agents and advancing the Internet of Knowledge initiative, a decentralized ecosystem for secure, collaborative AI knowledge sharing. The collaboration addresses critical barriers in AI and blockchain by driving advanced innovation in scalable solutions while continuing to protect user privacy. The partnership focuses on combining SingularityNET’s AI infrastructure with Mina Protocol’s zk-SNARK technology, a robust cryptographic proof system. ZK proofs allow information…
Bitcoin 2024 in Nashville will focus on adoption strategies and regulatory challenges. Devcon 7 will explore interoperability between Bitcoin and other blockchain networks. The Australian Crypto Convention will examine regional regulatory frameworks affecting Bitcoin growth. The cryptocurrency market is still changing and developing, and Bitcoin is still at the top of the contemporary financial field. While interest in the application of blockchain technology increases several major events are planned for 2024. Such gatherings are intended to enable key stakeholders in the Bitcoin space, including inventors, developers, and enthusiasts, to envision the future of Blockchain. Nashville Takes Center Stage: Bitcoin 2024…